Sharesave Scheme

Hiscox PLC
09 June 2003

                                   Hiscox plc


                                Sharesave Scheme





The board of Hiscox plc advises that on 5th June 2003 it allotted a total of
8,984 shares of 5p each at an exercise price of £1.078 under the Sharesave
Scheme.


These shares will rank pari passu with the existing class of ordinary 5p shares
in issue.


                      This information is provided by RNS
            The company news service from the London Stock Exchange   D

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